The improvement of state governance to promote economic growth in Vietnam

The article analyzes the issues of reorganization of the management system in Vietnam to improve the mechanisms of the market economy of socialist orientation. This is seen as one of the strategic prerequisites for accelerating economic growth. The author considers it necessary to work without looking at the recipes of the "Washington Consensus" imposed from outside, noting that the practice of many developing countries has not justified the validity of such recipes. The study confirms the emergence of the basic institutions of a market economy in the SRV and identifies obstacles that hamper the work, showing their insufficient strength and effectiveness. To improve the management system, it is proposed to seek its democratization, to master modern requirements and best practices, to focus on the future. Recommendations are formulated for this work, in particular, on stimulating innovation and creating "smart cities".

state management system, institutional reforms, development institutions, economic growth, innovation, Vietnam